During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
Companies Reporting Before The Bell
• Sony Group (NYSE:SONY) is projected to report quarterly earnings at $1.65 per share on revenue of $24.62 billion.
U.S. stocks traded mixed toward the end of trading, with the Nasdaq Composite gaining around 30 points on Thursday.
The Dow traded down 0.01% to 38,675.29 while the NASDAQ rose 0.19% to 15,787.09. The S&P 500 also fell, dropping, 0.02% to 4,993.95.
Major U.S. stock averages traded on a mixed note at midday in New York, with the S&P 500 grappling with the psychological resistance level of 5,000, while the tech-heavy Nasdaq 100 managed to reach fresh record highs.
Kellanova Co (NYSE: K) posts robust Q4 2023 results, beating estimates with net sales of $3.17 billion and organic sales growth of 6.9%. Adjusted EPS of $0.78 surpasses expectations, reinforcing investor confidence in the company's performance. With a positive outlook, Kellanova reiterates FY24 guidance, expecting adjusted EPS of $3.55-$3.65 and projecting around 3% organic net sales growth. Investors respond positively, driving K shares up by 3.95%.
Companies Reporting Before The Bell
• Ares Management (NYSE:ARES) is expected to report quarterly earnings at $1.09 per share on revenue of $864.54 million.